Daimler AG reports FY13 profit EUR8.7B vs. EUR6.8B a year ago Daimler AG reports FY13 revenue EUR118.0B vs.EUR114.3B a year ago. Reports FY13 EBIT from ongoing business of EUR7.9B vs. EUR8.2B a year ago. Reports unit sales rose to 2.35M vehicles from 2.2M in 2012. The company said, "2013 was a year that we didn't begin particularly well, but which we ended very successfully. Our efforts paid off. Daimler is in very good condition. Our prospects for the future also make us confident that we will achieve our ambitious goals in all our divisions."
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.